Americans face hard times
This presentation is the property of its rightful owner.
Sponsored Links
1 / 24

Americans Face Hard Times PowerPoint PPT Presentation


  • 250 Views
  • Uploaded on
  • Presentation posted in: General

Americans Face Hard Times. 11-2 and 11-3 Notes. Causes of the 1929 Crash. Economic Factors. Financial Factors. Poor distribution of wealth Consumers relied on credit Consumer spending dropped Industry struggled. Stock markets rise in 1920s Speculation in stock increases Margin buying

Download Presentation

Americans Face Hard Times

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Americans face hard times

Americans Face Hard Times

11-2 and 11-3 Notes


Causes of the 1929 crash

Causes of the 1929 Crash

Economic Factors

Financial Factors

  • Poor distribution of wealth

  • Consumers relied on credit

  • Consumer spending dropped

  • Industry struggled

  • Stock markets rise in 1920s

  • Speculation in stock increases

  • Margin buying

  • Stock prices rise to unrealistic levels


Key terms

Key Terms:

  • Hobos – jobless, homeless wanderers

  • Great Depression – most severe economic downturn in the history of the U.S.

  • Foreclosure – when a bank or other lender takes over ownership of a property from an owner who has failed to make loan payments.


Hoovervilles and hobos

Hoovervilles and Hobos

  • In the early 1930s, no federal government provided food or money to the poor

  • Hoovervilles are established as a result

  • Hobos often jumped trains traveling from town to town looking for work or a place to live.

  • Hobos had dangerous lifestyle – develop sign language to determine if a town was a safe place for them


Key terms continued

Key Terms Continued

  • Hoovervilles – sprawling neighborhoods of shacks sprang up on the outskirts of towns and public parks. – blamed this on president Hoover


Bank failures

Bank Failures

  • Many had entrusted their savings to banks.

  • How has that changed today?

    • Insurance from the federal government protects most people’s deposits

    • Laws require that a bank keep a greater percentage of assets in cash to be paid out by depositors

  • 1930 – almost 350 banks closed due to runs.


Key terms continued1

Key Terms Continued:

  • Drought – a period of below-average rainfall, this lasted several years during the 1930s

  • Dust Bowl – Oklahoma, Kansas, Colorado, New Mexico, and Texas became known as this due to large wind storms and dry dusty conditions


Dust bowl

Dust Bowl

  • Caused many deaths due to inhalation of dust.

  • Destroyed crops and buried farm equipment

  • The storms stripped off the topsoil and blew it away


Farm failures

Farm Failures

  • Faced hard times in 1920s – got worse in the 1930s

  • Farmers produced more than they could sell and price dropped drastically------------- INFLATION

    • How does this effect farmers income?

  • Many suffered foreclosure


Unemployment

Unemployment

  • 1933 – GNP dropped 40%

  • Unemployment reached a high of 25% (50% in some areas such as Harlem)


Writers and musicians

Writers and Musicians

  • Woody Guthrie – songs about the dust bowl describe the disaster’s effect on the people

  • John Steinbeck – wrote several books describing life during the depression and dust bowl – often very tragic endings


  • Login